Latest Stories

Ayala, SM units dominate 1st Bell Awards


THE AYALA and SM groups garnered the most awards in the 1st Bell Awards given by the Philippine Stock Exchange in recognition of listed companies that uphold good governance.

The five listed companies that received their awards from President Aquino and top PSE officials on Monday night were Manila Water Co., SM Prime Holdings, Globe Telecom, China Bank and Ayala Land Inc.  They were deemed as the cream of the crop among 255 public companies in terms of corporate governance.

MWC, Globe and ALI are key operating units under conglomerate Ayala Corp. while SM Prime and China Bank are under SM Investments Corp. of tycoon Henry Sy.

In the meantime, San Miguel Corp. received a special citation from the PSE for completing the largest equity deal during the year—the landmark P80-billion preferred shares issuance.

During the awarding ceremonies, the President said the PSE’s Bell Awards were contributing to the promotion of integrity by recognizing outstanding listed companies and trading participants who have complied with regulations, contributed to the development of the stock market, and apply best practices at par with international standards.

“Measures like these are important because investors need to know we are serious about protecting their interests, especially now that confidence in the Philippines is growing by leaps and bounds,” he said.

“In the past, if you noticed a spike of activity in the stock market, suspicion would normally arise, that this spike was  due to manipulators scheming to drum up expectations just so they could make a quick profit. They literally created stock market bubbles, with nothing to back it up other than skillful rumor mongering. Naturally, these bubbles burst sooner rather than later, leaving investors with empty hands and empty pockets,” he said.

Highlighting the PSE’s 20th anniversary celebration, the Bell Awards also honored six trading participants, based on their adoption of corporate governance guidelines, the results of regulatory audits and compliance with PSE rules, such as listing and disclosure rules, market regulations and trading rules.

They were chosen among the 133 active trading participants.

The honorees among big brokers were Macquarie Securities, COL Financial and CLSA Philippines.  The top three small brokers were Armstrong Securities, Tri-State Securities and PCIB Securities.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Ayala Land , Bell Awards , Business , China Bank , Globe telecom , manila water co. , SM Prime Holdings

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • This time, BIR goes after florists
  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace